Market Research Report
China Automotive Telematics Market Forecast 2021-2026
|Published by||Inkwood Research||Product code||1006525|
|Published||Content info||121 Pages
Delivery time: 2-3 business days
|China Automotive Telematics Market Forecast 2021-2026|
|Published: May 18, 2021||Content info: 121 Pages||
The China automotive telematics market growth is estimated to progress at a CAGR of 23.17% during the forecast period, 2021-2026. The surging investment in transportation infrastructure, strict emissions standards, and significant e-commerce growth are the main market growth drivers.
The logistics market is thriving in the country, contributing considerably to GDP. China is projected to manufacture more than 2 lakh medium-duty commercial and 1 million heavy-duty vehicles. Also, the market is transitioning from track & trace solutions to increased use of connected technology and solutions. Telecom infrastructure has witnessed rapid growth due to favorable government initiatives. For instance, the government has mandated the installation of telematics systems in commercial vehicles. Such developments have also resulted in several major heavy truck manufacturers deploying telematics as standard configuration. Also, the rising smartphone penetration is set to project a strong telematics base. Moreover, the growing partnerships between automotive manufacturers and network providers to enable consistent telematics services, offer ample growth opportunities.
Some of the prominent companies in the market include Zebra Zhixing, ForVision, Minieye, AutoAI, Zhidao Network Technology, etc.